BitFury Announces Mass Production of Fastest and Most Effective 16nm
ASIC Chip in the World

New Chip Cements BitFury as Industry Leader in Energy Efficiency

Leading Bitcoin Blockchain Transaction Processing Company Will Bring
Chip To Market In First Quarter of 2016 Through Integration And Reseller
Partners

December 16, 2015 03:46 AM Eastern Standard Time

SAN FRANCISCO & TBILISI, Georgia--(BUSINESS WIRE)--BitFury Group, the leading Bitcoin Blockchain infrastructure provider
and transaction processing company in the world today announced
mass-production of its full-custom design 16nm Application Specific
Integrated Circuit (ASIC) Chip, which will bring unmatched energy
efficiency to the Bitcoin network.

After rigorous testing, the new BitFury Chip has demonstrated
outstanding computing capabilities. The design target was 40 gigahash
per second with power efficiency of 0.06 joules per gigahash. On
average, the measured power efficiency of tested engineering samples of
the new BitFury Chip ranges from 0.055 joules per gigahash to 0.07
joules per gigahash, thus making the BitFury 16nm ASIC Chip the industry
leader in energy efficiency.

In addition to its outstanding power efficiency, BitFury’s 16nm ASIC
Chip can run with as low as 0.35V power supply voltage. The static part
of the Chip can be functional at as low as 0.28V power supply voltage.
This level of productivity was previously unattainable with existing
silicon devices and existing silicon design methodologies, with
transistors working in active mode, not slow sub-threshold. J / Gh
metric in working modes starting from 55 Gh/s up to 180 Gh/s follows an
almost linear relationship of 0.0011, while at 40 – 55 Gh/s measured
slope converges to plateau.

Valery Vavilov, CEO of BitFury, said:“We are very
excited to launch mass production of our super 16nm ASIC Chip.The
final results of our hard work have fully met our expectations. We
understand that it will be nearly impossible for any older technology to
compete with the performance of our new 16nm technology.As a
responsible player in the Bitcoin community, we will be working with
integration partners and resellers to make our unique technology widely
available ensuring that the network remains decentralized and we move
into the exahash era together. BitFury warmly welcomes all companies
interested in joining our integration and reseller program.”

Jim Lai, President of GUC, said: “We have worked closely with
BitFury’s experienced IC designers and we are glad to assist BitFury to
achieve this outstanding result. GUC is proud that the BitFury-GUC
partnership resulted in the first 16nm full custom tape-out for both
parties.”

ADDITIONAL KEY BACKGROUND ON ASIC 16NM CHIP

Every BitFury 16nm Chip delivers a minimum of 100 gigahash per second of
computing power. On average, the BitFury 16nm ASIC can compute in the
range of as high as 140 gigahash per second using air cooling, and up to
184 gigahash per second using immersion cooling, which makes the BitFury
custom-made silicon an absolute leader in computational efficiency per
unit of silicon area.

BitFury is the first Bitcoin transaction processor that is uniquely
equipped to support the continuing increase of computing power required
for the upcoming “Exahash Era” – time when the Bitcoin network computing
power exceeds 1,000 petahashes (quintillion hash operations) per second,
as each BitFury 16nm Chip will deliver up to four times the amount of
computing power at a given energy level than BitFury’s currently
deployed 28nm ASIC. Thus, BitFury’s 16nm Chip will enable a significant
energy efficiency and computing power improvement versus today’s
competing solutions.

Staying true to our commitment to minimize our carbon footprint, BitFury
continuously works to increase the energy efficiency of our data
centers. The company already relies on renewable energy sources to power
our data centers with less than half of the energy overhead of the
leading Internet giants, and continuously seeks new ways to further
reduce greenhouse gas emissions. An important step forward in this
effort is BitFury’s deployment of its proprietary immersion cooling
technology in its recently opened Tbilisi, Georgia, data center which
supports 40 megawatts.

*All figures mentioned above were measured with real silicon samples.
Mileage for production devices may vary. Thanks to the physics of
silicon devices, chips may demonstrate exceptionally low power
consumption, or exceptionally high compute power, but not both at the
same time.

About BitFury Group

BitFury Group is the largest private Bitcoin Blockchain infrastructure
provider and transaction processing company in the world. Founded in
2011 by Valery Vavilov and Valery Nebesny, BitFury has management
offices in San Francisco, Washington, D.C., Hong Kong, Amsterdam and
London, as well as data-centers in Iceland and the Republic of Georgia.
BitFury derives sustainable advantage through its custom-made
application-specific integrated circuits (ASICs), optimized to achieve
the lowest power consumption coupled with the highest processing metrics
– the parameters that drive mining margins. BitFury has an impressive
track record, having successfully delivered several prior generations of
silicon and has a roadmap to at least double performance-per-watt every
6-12 months. BitFury’s management team and board include seasoned
industry veterans with a history of execution in silicon engineering,
operational build-up and capitalizing businesses.